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May 2025 · Burlington
Average Rent in Burlington — May 2025
79 confirmed residential leases in Burlington in May 2025. Average rent $3,152/month. Mixed conditions across property types.
Avg Lease Price $3,152/mo
Median Lease $2,800/mo
Avg Asking $3,233/mo
Lease / Ask 97.5%
Leased Over Asking 13.9%
Avg DOM 43 days
Total Leased
79
all residential
Avg Lease Price
$3,152
per month
Median Lease
$2,800
mid-point
Lease / Ask
97.5%
avg ratio
Over Asking
13.9%
of all leases
Avg DOM
43
days on market
Lease Prices by Property Type
Burlington · May 2025
💰 Lease Price Summary
Average Lease $3,152/mo
Median Lease $2,800/mo
Avg Asking Rent $3,233/mo
Lowest Lease $1,900
Highest Lease $20,000
Lease / Ask Ratio 97.5%
📊 Market Activity
Leased over asking 13.9%
Leased at asking 58.2%
Leased under asking 27.8%
Avg Days on Market 43 days
Fast · 050Slow · 100+
⚖️ Balanced — 13.9% over vs 27.8% under asking.
💰 Lease Price Summary
Average Lease $2,674/mo
Median Lease $2,525/mo
Avg Asking Rent $2,697/mo
Lowest Lease $1,900
Highest Lease $4,800
Lease / Ask Ratio 99.2%
📊 Market Activity
Leased over asking 12.5%
Leased at asking 52.1%
Leased under asking 35.4%
Avg Days on Market 44 days
Fast · 050Slow · 100+
⚖️ Balanced — 12.5% over vs 35.4% under asking.
💰 Lease Price Summary
Average Lease $4,182/mo
Median Lease $3,500/mo
Avg Asking Rent $4,402/mo
Lowest Lease $1,990
Highest Lease $20,000
Lease / Ask Ratio 95.0%
📊 Market Activity
Leased over asking 13.0%
Leased at asking 73.9%
Leased under asking 13.0%
Avg Days on Market 41 days
Fast · 050Slow · 100+
⚖️ Balanced — 13% over vs 13% under asking.
💰 Lease Price Summary
Average Lease $3,194/mo
Median Lease $3,250/mo
Avg Asking Rent $3,204/mo
Lowest Lease $1,950
Highest Lease $4,300
Lease / Ask Ratio 99.7%
📊 Market Activity
Leased over asking 25.0%
Leased at asking 60.0%
Leased under asking 15.0%
Avg Days on Market 44 days
Fast · 050Slow · 100+
⚖️ Balanced — 25% over vs 15% under asking.
💰 Lease Price Summary
Average Lease $1,900/mo
Median Lease $1,900/mo
Avg Asking Rent $2,100/mo
Lowest Lease $1,900
Highest Lease $1,900
Lease / Ask Ratio 90.5%
📊 Market Activity
Leased over asking 0.0%
Leased at asking 0.0%
Leased under asking 100.0%
Avg Days on Market 14 days
Fast · 050Slow · 100+
🧊 Renter-friendly — 100% leased below asking. Avg 14 days on market.
Nearby Cities · May 2025
Average confirmed lease price across all residential property types
| City | Avg Lease | Median | Lease / Ask | DOM | Market |
|---|---|---|---|---|---|
| Oakville | $3,086 | $2,700 | 98.8% | 44d | ⚖️ Balanced |
| Hamilton | $2,529 | $2,400 | 100.2% | 58d | ⚖️ Balanced |
| Mississauga | $2,751 | $2,637 | 98.9% | 44d | ⚖️ Balanced |
| Milton | $2,736 | $2,750 | 99.2% | 42d | ⚖️ Balanced |
Frequently Asked Questions
Burlington · May 2025
The average confirmed lease in Burlington was $3,152/month in May 2025,
based on 79 MLS® transactions. The median was
$2,800/month.
Condos averaged $2,674/mo, freehold averaged $4,182/mo, and townhouses averaged $3,194/mo.
Units in Burlington took an average of 43 days to lease in May 2025.
Freehold rentals averaged 41 days while condos averaged 44 days.
In May 2025, condos averaged $2,674/month while freehold rentals averaged $4,182/month —
a difference of $1,508/month.
Burlington averaged $3,152/month in May 2025. Oakville averaged $3,086/mo. See the full May 2025 Ontario lease summary →
Looking to rent in Burlington?
Browse available rentals or connect with a local agent who knows the rental market.
Data note: Based on MLS® confirmed lease transaction data held in our system for Burlington, Ontario. Not official TRREB or CREA data. For general research only — consult a licensed real estate professional before making tenancy decisions.
